Warren Buffet, Doddering Fool, or Fatuous Fraud?

Warren Buffet has again cynically called for higher taxes on “the rich,” those with incomes above $1,000,000. That’s one million dollars for our “Progressive” friends who are innumerate.

Of course Mr. Buffet’s scheme is reminds us of the late Senator Russell Long of Louisiana who protested, “Don’t tax him. Don’t tax me. Tax that man behind the tree!”

As the fine economist Greg Mankiw notes in his blog Mr. Buffet takes advantage of some ginormous “loopholes” that assure he will not pay at a higher rate; will not pay estate taxes to benefit the fisc; and generally he is a tax dodger, which is his right when done legally.

But, he wants to tax the man behind the tree.

This entry was posted in Capitalism, In the "Mainstream", Taxation and tagged , . Bookmark the permalink.

Leave a comment